Diploma (LON:DPLM) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Diploma PLC's stock recently crossed above its 200-day moving average, trading at GBX 5,290 ($71.57) after reaching a high of GBX 5,395 ($72.99).
• Analysts have varied price targets for Diploma, with Shore Capital holding a "hold" rating at GBX 5,100 ($69.00), while Berenberg Bank has a "buy" rating with a target of GBX 5,750 ($77.80).
• Insider Katie Bickerstaffe purchased shares at GBX 4,867 ($65.85), contributing to a total insider buy of 96 shares worth $473,173 over the last 90 days.

Diploma PLC (LON:DPLM - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 4,502.38 ($60.92) and traded as high as GBX 5,395 ($72.99). Diploma shares last traded at GBX 5,290 ($71.57), with a volume of 507,918 shares changing hands.

Analysts Set New Price Targets

DPLM has been the subject of several recent analyst reports. Shore Capital reiterated a "hold" rating and issued a GBX 5,100 ($69.00) target price on shares of Diploma in a report on Thursday, July 17th. Berenberg Bank raised their price objective on shares of Diploma from GBX 5,600 ($75.77) to GBX 5,750 ($77.80) and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a GBX 4,440 ($60.07) price objective on shares of Diploma in a research report on Wednesday, August 6th.

Diploma Price Performance

The stock has a market cap of £7.09 billion, a P/E ratio of 61.09, a price-to-earnings-growth ratio of 2.82 and a beta of 0.75. The company has a current ratio of 2.17, a quick ratio of 0.80 and a debt-to-equity ratio of 62.17. The company's fifty day simple moving average is GBX 5,023.91 and its 200-day simple moving average is GBX 4,502.38.

Diploma (LON:DPLM - Get Free Report) last issued its earnings results on Wednesday, May 21st. The company reported GBX 80.20 ($1.09) EPS for the quarter. Diploma had a net margin of 9.25% and a return on equity of 13.18%. As a group, sell-side analysts forecast that Diploma PLC will post 163.7995512 EPS for the current year.

Insider Transactions at Diploma

In related news, insider Katie Bickerstaffe purchased 44 shares of Diploma stock in a transaction that occurred on Wednesday, May 21st. The shares were acquired at an average price of GBX 4,867 ($65.85) per share, for a total transaction of £2,141.48 ($2,897.42). In the last 90 days, insiders have bought 96 shares of company stock worth $473,173. 0.52% of the stock is owned by corporate insiders.

Diploma Company Profile

Diploma PLC, together with its subsidiaries, supplies specialized technical products and services in the United Kingdom, Continental Europe, North America, and internationally. It operates through three business sectors: Life Sciences, Seals, and Controls. The Life Sciences sector supplies technology-enabled products used in surgical procedures in operating theatres and endoscopy; testing equipment and services for clinical laboratories; and bio-pharma, food safety and testing, and other research-oriented products.

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